This property is being offered for sale by the Cook County Land Bank Authority https://www.cookcountylandbank.org/.
This is not a traditional sale. The difference is that interested parties must apply on the CCLBA Website prior to touring the property. You will be vetted for outstanding Cook County Real Estate Taxes, Judgments, and Liens.
Once approved to tour, it is highly recommended that you bring a contractor with you because these properties have typically been vacant for several years and need substantial rehabilitation. You will need a contractor’s estimate to bring the property to an occupancy permit. You will need a letter or email of support from the Village or City. You will need to show the CCBA funds to acquire and rehab the property.
The Real Estate taxes on these properties are typically very high on a per-foot basis. You will need a strategy to address this. Contact your Commercial Real Estate Tax Attorney to discuss.
Buying properties from the CCLBA is similar to buying properties at below foreclosure pricing. Buyers pay their own brokers directly.